The Worldcoin project, led by Sam Altman, has recently hit a roadblock in Hong Kong as the Office of the Privacy Commissioner for Personal Data (PCPD) ordered the Worldcoin Foundation to cease all operations in the region due to violations of local privacy regulations. The PCPD discovered that Worldcoin had collected facial and iris biometric
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The cryptocurrency exchange giant, Coinbase, has taken a bold step in the fight against online scams by launching the ‘Tech Against Scams’ initiative. This collaborative effort includes industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. The aim of this coalition is to combat online fraud and financial schemes, while also prioritizing
The recent surge in the price of Bitcoin, reaching as high as $71,000 following the Ethereum ETF approval news, has garnered much attention in the cryptocurrency market. However, the subsequent correction to $67,000 and the subsequent consolidation range have left many wondering about the future direction of Bitcoin. Interestingly, Bitcoin whales, entities holding significant amounts
Back in the year 2010, the equivalent of 10,000 bitcoins was a meager two pizza boxes. Fast forward to today, and that same amount of BTC is worth an astounding $690 million, thanks to Bitcoin’s exponential growth. This significant increase in value highlights just how much the cryptocurrency landscape has evolved over the years. With
Bitcoin had a rollercoaster week, starting off struggling to stay above $66,000 but later skyrocketing to nearly $72,000 after the news of potential SEC approval of spot Ethereum ETFs. However, the excitement was short-lived as Bitcoin lost value in the following days, dropping to $66,400 before bouncing back to $69,000 by the end of the
The recent approval of the Ethereum Spot ETF has sparked a wave of speculations regarding its potential performance in comparison to Bitcoin-based ETFs. Bloomberg ETF analyst, James Seyffart, has offered insights into the matter, suggesting that the Ether spot ETFs may only attract up to 25% of the demand seen by their Bitcoin counterparts. Seyffart’s
In recent times, there has been a noticeable concern within the cryptocurrency community regarding the rise of tokens with high valuations but limited initial circulating supply. This has led to discussions about the sustainability of the potential gains for traders post token generation event (TGE). Binance Research has released a report confirming this trend, showcasing
In a recent announcement, OKX has decided to discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. The exchange cited regulatory requirements as the reason behind this decision, mentioning that it will no longer provide virtual asset services to customers in Hong Kong after the specified date. Despite the
A darknet drug bazaar known as Incognito Market made headlines recently with the arrest of Rui-Siang Lin, a Taiwanese national, at New York’s John F. Kennedy Airport. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the platform, which facilitated the sale of illegal narcotics such as fentanyl. FBI Assistant Director in Charge, James
Ethereum exchange-traded funds (ETF) have been making headlines in the investment world, especially after the United States Securities and Exchange Commission (SEC) gave the green light for their listing. This approval has put these investment products in the spotlight, sparking interest and discussions among investors and experts alike. On the other hand, the Bitcoin spot
The Mollars token presale and project have recently shared a report through their official X profile, shedding light on some intriguing trends in the cryptocurrency market. The report indicates that the brand “MOLLARS” is gaining significant interest among crypto traders, with search volumes rivaling well-known tokens like Bonk Inu (BONK) and Pepe (PEPE). According to
In recent days, the price of Ethereum has been consolidating between the $3,949 and $3,627 range. This consolidation is a direct result of a recent rally that saw the price of the crypto asset spike upwards by over 10%. When prices are in a consolidation phase, it indicates that the market is building momentum for
After the Bitcoin halving in April, there have been high expectations for a major price breakout in the cryptocurrency market. However, Bitcoin recently experienced a retracement, falling from its recent high of $71,443 to $66,936. This price movement has kept analysts and investors on the edge as they anticipate the next move for the leading
The news of Kabosu, the beloved Shiba Inu who rose to fame as the face of the “Doge” meme, passing away at the age of 18 has left millions of fans mourning the loss of this iconic pup. Known for her endearing expression and the humorous captions that accompanied her photos, Kabosu captured the hearts
Recently, the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were some of the buyers who participated in the auctions and acquired significant amounts of SOL tokens at a discounted price. Figure purchased 800,000 coins for approximately $80 million, paying around $102 per
The volatile nature of cryptocurrency markets has once again brought Bitcoin’s price into the spotlight. With the price hovering around $67,000 after a recent high of $71,000, analysts are scrambling to make sense of the current situation. One crypto analyst, known as The Signalyst, has identified key levels that could determine the future direction of
Coinbase has put forth a strong allegation against the SEC, claiming that the regulatory body is attempting to circumvent the Howey test by avoiding the critical question of whether a digital asset transaction without post-sale obligations can be considered an investment contract. This accusation was made in a motion for an interlocutory appeal filed with
In a recent unanimous decision, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute stemming from the company’s 2021 Dogecoin sweepstakes. The ruling clarified the need for a court to determine which legal agreement takes precedence when parties are governed by multiple contracts. Justice Jackson, writing for the Court, emphasized the importance
OpenSea, a prominent NFT marketplace, has introduced its latest endeavor, the “Get Based” series. This initiative is designed to shine a spotlight on artists who are actively creating on Coinbase’s Base network, an Ethereum Layer 2 (L2) solution. The series plans to feature the works of up to 15 artists over the course of the
As the world of cryptocurrency continues to evolve and expand, new and innovative projects are constantly emerging. One such project that has been gaining significant attention in recent days is Dogeverse (DOGEVERSE). With its unique multi-chain offering and exciting storyline, Dogeverse has quickly become a hot topic of conversation among investors, influencers, and crypto enthusiasts
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has raised concerns about the potential consequences of the approval of spot Ethereum ETFs. According to Fahrer, the transition might not be seamless for Ethereum as the market awaits this significant development. Fahrer’s warning comes on the heels of the impending approval of spot
The crypto market has been abuzz with the recent predictions of an “ultra bull scenario” for Bitcoin, with a forecasted price rally above $80,000 in the current market cycle. A crypto analyst, known as CrediBullCrypto, has shared insights into key support levels and technical patterns that suggest a bullish path for the leading cryptocurrency. CrediBullCrypto
The recent ruling by the U.S. District Court for the Western District of Texas has brought to light the consequences of failing to comply with securities laws in the cryptocurrency space. The court granted partial summary judgment in favor of the Securities and Exchange Commission (SEC) against popular crypto influencer Ian Balina. The ruling affirmed
The United States House of Representatives recently made a significant decision regarding the issuance of a Central Bank Digital Currency (CBDC) to its citizens. This decision has sparked a heated debate among lawmakers and the online crypto community, shedding light on key issues surrounding privacy, individual sovereignty, and free market competitiveness. The CBDC Anti-Surveillance State
The recent Bernstein report highlights the potential approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US, which may set a precedent for classifying Solana (SOL) as a commodity rather than a security. This distinction is crucial as it has significant implications for the regulatory oversight and investment opportunities available for cryptocurrencies in
The cryptocurrency market has been experiencing a surge of optimism and confidence among investors, with many eagerly awaiting Bitcoin’s peak in the ongoing bull cycle. One popular crypto analyst, known as Crypto Con, has delved into historical data to predict the timeline for Bitcoin’s highest point in this cycle. By analyzing past BTC runs and
The Floki Inu (FLOKI) price has seen a recent uptrend, hitting multi-week highs above $0.0002450. However, the price has stalled as holders make the move to a new ICO called 5thScape in hopes of securing 1,700% gains. Despite reaching its 21 and 50DMAs earlier this month and trending higher since mid-April, a 10% drop from